DOJ and SEC unveil charges in $1.9 billion cryptocurrency fraud scheme



    The U.S. Department of Justice in Washington, D.C., June 20, 2023.

    Kevin Dietsch | Getty Images News | Getty Images

    The Department of Justice on Monday announced criminal charges against two people and the guilty plea of a third person for orchestrating a $1.9 billion cryptocurrency fraud scheme known as HyperFund, as well as by other names.

    The Securities and Exchange Commission in a related civil action charged two of those individuals for their involvement in the alleged pyramid scheme.

    This is breaking news. Please check back for updates.

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